The extraordinary financial opportunity that graduates miss due to student loans

The extraordinary financial opportunity that graduates miss due to student loans

Graduates on England’s newest student loan plan could miss out on building more than half-a-million pounds in long-term wealth because of decades of repayments. According to new analysis, a student leaving university with £50,000 of debt and earning £30,000 in their first job would repay almost £105,000 over the life of a Plan 5 loan. That total includes about £56,000 in interest, comparison site Finder, which conducted the research, said. If so…

Graduates earning £45k–£50k repay most on student loans

Graduates earning middle incomes can end up paying the most in cash terms for their student loans, according to new analysis by Rathbones, one of the UK’s leading wealth and asset management firms. As families await university offer decisions ahead of the mid-May deadline, the analysis identifies a ‘student loan danger zone’ for graduate earnings. Those starting their careers on salaries of roughly £45,000 to £50,000 can end up repaying more tha…